Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies and Techniques to Winning Profits

by James Altucher

Learn the successful strategies behind hedge fund investing Hedge funds and hedge fund trading strategies have long been popular in the financial community because of their flexibility, aggressiveness, and creativity. Trade Like a Hedge Fund capitalizes on this phenomenon and builds on it by bringing fresh and practical ideas to the trading table. This book shares 20 uncorrelated trading strategies and techniques that will enable readers to trade and invest like never before. With detailed examples and up-to-the-minute trading advice, Trade Like a Hedge Fund is a unique book that will help readers increase the value of their portfolios, while decreasing risk. James Altucher (New York, NY) is a partner at Subway Capital, a hedge fund focused on special arbitrage situations, and short-term statistically based strategies. Previously, he was a partner with technology venture capital firm 212 Ventures and was CEO and founder of Vaultus, a wireless and software company.

Genres: Finance, Business

240 pages, Hardcover

First published January 1, 2004

About the author

James Altucher is a writer, successful entrepreneur, chess master, and investor.

He has founded over 20 companies and sold some of them for large exits. He has also run venture capital funds, hedge funds, angel funds, and currently sits on the boards of many companies.

He has written and been profiled in most major national media publications like the Wall Street Journal, The Financial Times, CNBC, Forbes, and Business Week.

His blog, which began by detailing Altucher's precipitous fall from wealth and success to absolute rock bottom and then back to wealth, has attracted more than 10 million readers since its launch in 2010, and in 2011 inspired a comic book.

Reviews

[David · Rating 4 out of 5]

The crux of this book is to not believe the media or old wives tales about what is believed to be the holy grail. He tests, trusts nothing until he does. Though I do trade part of my portfolio (usually within a 5-20 day period), many of his trades are 1 day trades, but many take profits 20 days later, etc. Some such as buying bankruptcies or stocks under $5 had no interest to me, as well as the bond/ yield portion. I did not find any set-ups that I would trade as part of my system's, but did pick up a few ideas to be aware of that other traders do that might influence a position in which I am in. His ideas were more or less based on some event happening, then going long or short, akin to mechanical trading. That I am not.
He also gave a list of a few books he considered worthy of reading, about half or more of which I have read at one time or another, but did suggest several that I intend to read soon.

For me it was a quick read of about 2 hours taking a few notes along the way.

[Erin · Rating 3 out of 5]

This book was a little over my level of knowledge with trading but it was useful information with lots of facts and figures to explain each method. Overall it was a useful read and surprisingly short since a lot of pages were charts.

[Hüseyin Çötel · Rating 4 out of 5]

Stats:
1 session
240 pages
2h 44 min over 1 day
Pace: 41s/page

Temel algoritmik trading yaklasimlarini backtestleriyle beraber guzel anlatmis. Cogu kitaptaki gereksiz laf kalabaligi yoktu.

[Michael Weaver · Rating 3 out of 5]

This book details twenty strategies that are used by hedge funds to profit from various scenarios. It doesn’t give you get-rich-quick strategies and make you a rockstar overnight, rather it focuses more on strategic executions where one can make money from panic and slippage so that will help you weather market flux and be positioned in the black instead of the red. Some strategies do not forward-test as well as I had hoped but overall a good read to glean ideas from.

[Alien Citizen · Rating 4 out of 5]

Presents some classic strategies for short term trading and doing basic technical analysis. Backs these up by testing these strategies on historical data. I wasn't personally interested in actually carrying out all or most of these strategies but, as a newbie, they did help me to put my current methods in context as well as introducing me to some new potential ideas.

[Mahuang59 · Rating 3 out of 5]

Provides some basic trading strategies of hedge fund.

[Sam · Rating 3 out of 5]

I like Altucher's writing, & the book is short, so 3 stars but by no means a must-read.

[J Sha · Rating 4 out of 5]

Four stars for the backtesting strategies and perspectives, but two-three stars for the executability of those approaches